The mattress safe – the latest way to bank with confidence

My Mattress Savings BankEuropeans are a stone’s throw across the pond and what happens there eventually, like the Beatles, happens here. Many in the Euro-zone are asking each other and themselves:

Is your money safe in the bank? Obviously not if you deposited large sums in Cyprus – where the decision to raid savings accounts has rung alarm bells in other countries teetering on the bank bailout high-wire,” posts  of the UK’s Guardian News. Continue reading

Stockton, CA CalPERS – The Next Cyprus-like Haircut?

STOCKTON-BANKRUPTCYSTOCKTON, CA – BANKRUPT!

If you don’t think the Wall Street corruption and securities fraud, including mortgage-backed securities, isn’t affecting everyone – think again. Stockton, California has succumbed to bankruptcy due in large part to bad securities investments.

Look out California public employee retirees for the next Cyprus-like haircuts. Continue reading